No disaster scenario from the ECB. NAB’s Gavin Friend says they didn’t want to be seen to be panicking in the fast moving markets and Mario Draghi seems to be in denial.
The floating of currencies has created a massive forex industry. @ProfSteveKeen says it has made life harder for speculators, which is a good thing, but the world missed a trick when it ignored Keyne’s idea of the Bancor. https://t.co/NJDPcI33JI